A 1953 house sitting directly on the fairways of Hillcrest Country Club just sold for $6.52 million — and the new owners aren't planning to live in it. The three-bedroom, 3.5-bath home at 1807 Roxbury Drive spans 2,874 square feet on an 8,660-square-foot lot, and the sale has set a Beverlywood record for the most expensive home purchased with plans to tear it down.
The transaction, reported by Realtor.com, closed off-market. Micah Hiller of Prime Rock Realty, who represented the buyer, described it as Beverlywood's highest land-value sale and the second-highest residential sale in the neighborhood overall, according to the outlet. The buyers intend to demolish the existing structure and build a new house with Drexel Luxury Homes, per the same report.
A Prime Lot on a Storied Golf Course
Part of what buyers are paying for here is the address itself. The property sits directly on Hillcrest Country Club, home to a private 18-hole golf course that has drawn celebrity members for more than a century, the Realtor.com report notes. Past and present members have reportedly included Adam Sandler, Neil Diamond and Adolph Zukor, and Town & Country magazine has reported the club's initiation fee at $185,000, according to the same account.
Hiller estimates that whoever builds on the Roxbury Drive lot can put up at least a 4,500-square-foot house without a basement, and could add another 2,000 to 3,000 square feet by digging a lower ground floor, the outlet reports. That kind of square footage would dwarf the 1953 home currently on the site, underscoring why a teardown purchase at this price made sense to the buyers.
Beverlywood's Climbing Price Tags
This isn't the first time a Beverlywood sale has made headlines for breaking a price ceiling. Back in 2018, a newly built home in the neighborhood sold for $5,712,500 after listing at $5.995 million, a sum the Los Angeles Times called a neighborhood record for a single-family home at the time. That figure topped the previous historic high of $4.675 million by a little over $1.03 million, and it sat on an 8,902-square-foot lot — slightly larger than the Roxbury Drive parcel. The Times also noted that Beverlywood saw roughly 45 sales of $2 million or more in 2017, compared with 11 such sales during the period covered in that 2018 article, based on Multiple Listing Service data.
Hiller, who also brokered the sale of a recently built, three-story home on Duxbury Circle for $8 million, told Realtor.com that Beverlywood continues to show strength despite the broader market and that demand has grown to the point where, in some ways, the neighborhood has become more desirable than Beverly Hills. That framing lines up with the neighborhood's current numbers: Realtor.com data cited in the report shows Beverlywood's average listing price sitting just under $2.4 million, compared with just under $420,000 nationally.
A Tight, Fast-Moving Market
Even with those lofty prices, homes aren't lingering on the market in Beverlywood. The neighborhood had just 12 active listings in October, and listings there average 29 days on the market, down 21.62 percent year over year, according to the Realtor.com figures. That compares with a median 61 days nationally. Beverlywood's sale-to-list price ratio stood at 99 percent in October, suggesting sellers are generally getting close to their asking price — even as the same data shows year-over-year decreases in median listing price, price per square foot and median days on market across the neighborhood.
Teardown purchases at the high end aren't unique to Beverlywood, either. The Los Angeles Times has previously reported a $35 million teardown sale in Beverly Hills' Trousdale section, cited by a high-end agent as an example of the scale such deals can reach. That same agent pointed to the $85 million sale of Candy Spelling's 56,000-square-foot estate in 2011 as the top transaction of his career, a reminder of just how far Los Angeles's luxury teardown market can stretch beyond even a record-setting Beverlywood sale.
